CLK Properties Acquires Multifamily Property In Mobile, AL For $15.8M
1 Country Lane
$15,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 17, 2022
AI
The multifamily property located at 1 Country Ln in Mobile, AL has been sold in a closed transaction. The property consists of 201 units and was sold for a total price of $15,800,000, resulting in a per unit price of $78,606. The sale was facilitated by brokers Aaron Jungreis and David Wildes from Rosewood Realty Group.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $15,800,000
- Units: 201
- Price Per Unit: $78,606
- Market: Mobile, AL
- Buyer: CLK Properties - Craig Koenigsberg
- Brokers: Aaron Jungreis & David Wildes - Rosewood Realty Group
Craig Koenigsberg, representing CLK Properties, acquired the multifamily property located at 1 Country Ln. The transaction was successfully brokered by Aaron Jungreis and David Wildes from Rosewood Realty Group. The property's sale price and unit count makes it a significant addition to CLK Properties' portfolio.
Players
Toronto MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93